Corporation organized for educational purposes as specified in Section 501(c)(3) of the IRS Code, including for such purposes, the making of distributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the IRS Code.
FRIENDS OF PENN SAILING is a based in RUMSON, NJ, focused on Recreation, Sports, Leisure, Athletics causes , specifically Single Organization Support. Established in May 2018, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1.00, this ranks 813,040 among 2,656,690 nonprofits nationally (Top 31%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 23,512 out of 72,131 organizations in NJ (Top 33%).
In monmouth county, NJ, the organization ranks 2,043 out of 5,509 nonprofits by assets (Top 37%), while locally in rumson, it stands at 64 among 108 organizations (Top 56%).
The organization reported no revenue in the most recent filing period, placing it at 1,882,858 nationally and 49,537 in NJ.
Within its specific NTEE classification (N11 - N: Recreation, Sports, Leisure, Athletics), which includes 3,598 similar organizations, FRIENDS OF PENN SAILING ranks 887 in assets (Top 25%) and 2,964 in revenue (Top 83%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
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